Alps Advisors Inc. raised its position in EnLink Midstream Partners, LP (NYSE:ENLK) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,839,995 shares of the oil and gas producer’s stock after buying an additional 661,122 shares during the period. EnLink Midstream Partners, comprises 1.4% of Alps Advisors Inc.’s portfolio, making the stock its 18th largest position. Alps Advisors Inc.’s holdings in EnLink Midstream Partners, were worth $200,806,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ENLK. Bank of America Corp DE increased its position in shares of EnLink Midstream Partners, by 54.0% in the first quarter. Bank of America Corp DE now owns 1,660,821 shares of the oil and gas producer’s stock valued at $30,393,000 after buying an additional 582,364 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of EnLink Midstream Partners, during the second quarter valued at approximately $9,642,000. Infrastructure Capital Advisors LLC increased its position in shares of EnLink Midstream Partners, by 101.3% in the first quarter. Infrastructure Capital Advisors LLC now owns 956,565 shares of the oil and gas producer’s stock valued at $17,505,000 after buying an additional 481,320 shares during the last quarter. ING Groep NV purchased a new position in shares of EnLink Midstream Partners, during the first quarter valued at approximately $8,693,000. Finally, Edge Asset Management Inc. increased its position in shares of EnLink Midstream Partners, by 13.4% in the first quarter. Edge Asset Management Inc. now owns 3,370,194 shares of the oil and gas producer’s stock valued at $61,675,000 after buying an additional 398,805 shares during the last quarter. Hedge funds and other institutional investors own 43.57% of the company’s stock.

EnLink Midstream Partners, LP (NYSE ENLK) traded down 1.90% during midday trading on Tuesday, reaching $14.96. 40,910 shares of the company’s stock traded hands. EnLink Midstream Partners, LP has a 1-year low of $14.91 and a 1-year high of $19.89. The company’s market capitalization is $5.20 billion. The firm’s 50-day moving average is $16.65 and its 200-day moving average is $17.56.

The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend was Friday, July 28th. EnLink Midstream Partners,’s dividend payout ratio is presently -503.21%.

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Several equities analysts recently commented on the stock. BidaskClub downgraded shares of EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Stifel Nicolaus upgraded shares of EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley downgraded shares of EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their price target for the company from $20.00 to $19.00 in a report on Thursday, June 15th. Finally, ValuEngine downgraded shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. EnLink Midstream Partners, currently has an average rating of “Hold” and a consensus target price of $19.20.

EnLink Midstream Partners, Company Profile

EnLink Midstream Partners, LP is a midstream company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate.

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Institutional Ownership by Quarter for EnLink Midstream Partners, (NYSE:ENLK)

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